Acen Corp 2020 AR2
The report outlines AC Energy Corporation's (ACEN) operational and financial performance for the fiscal year 2020, highlighting its transition to a low-carbon portfolio and commitment to divest from coal assets by 2030. During the year, the company significantly expanded its renewable energy capacity, including the construction of the 120 MWdc Alaminos solar farm and the 60 MWdc Palauig solar farm. ACEN also advanced its sustainability initiatives through the Conservation Estate in Ilocos Norte and the pilot Sustainability Hub in Alaminos, which integrates plastic recycling. Financially, the company recorded a consolidated net income attributable to the parent of ₱3,753.81 million, a substantial increase from the previous year.
Company: Acen Corp
Sector: Energy utilities
Country: Philippines
Year: 2020
Type: AR2
Pages: 420
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Acen Corp
Annual Report
The report outlines AC Energy Corporation's (ACEN) operational and financial performance for the fiscal year 2020, highlighting its transition to a low-carbon portfolio and commitment to divest from coal assets by 2030. During the year, the company significantly expanded its renewable energy capacity, including the construction of the 120 MWdc Alaminos solar farm and the 60 MWdc Palauig solar farm. ACEN also advanced its sustainability initiatives through the Conservation Estate in Ilocos Norte and the pilot Sustainability Hub in Alaminos, which integrates plastic recycling. Financially, the company recorded a consolidated net income attributable to the parent of ₱3,753.81 million, a substantial increase from the previous year.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Renewable Energy
Employees